Used-clothing Sellers Are Back in Vogue

Now is just not such a shabby time to be promoting used clothes.

Used-clothing marketplaces ThredUp and The RealReal are seeing brisk enterprise as container shortages, factory shutdowns, and growing labor and transportation prices make new clothes costlier and scarce for customers. After each firms reported earnings Monday afternoon, RealReal shares surged by greater than 15% Tuesday whereas ThredUp shares had been up as a lot as 23% early within the day earlier than giving up these positive factors by noon. A part of these surges might have needed to do with quick sellers unwinding their bets; quick curiosity accounts for round 20% of the share depend for each firms.

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